On April 13th, $TNTY Provided an Update on Acquisi
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Posted On: 05/23/2017 4:11:41 PM
On April 13th, $TNTY Provided an Update on Acquisitions, Growth Plans in Specialty Pharmacy, and CBD Related Areas.
• 2 existing sites with plans to add 6 locations in 2017 and up to 10 in 2018.
• They are finishing due diligence on this and expect to close in the next few weeks.
• A timely roll-out of the new stores should double or triple that in 2017. They believe that this group can grow to 16 stores and produce up to 30 million in annualized revenue by the end of 2018.
• The Company is also working on completion of a compounding site in the Southeastern US whose 2016 revenues exceeded 25 million, and a smaller compounder in South Florida that did over $2.5 million in 2016.
• Both sites are profitable and are expected to become the "hubs" in the network, performing a consolidated fill function as well as their role in the compounding products arena.
• 2 existing sites with plans to add 6 locations in 2017 and up to 10 in 2018.
• They are finishing due diligence on this and expect to close in the next few weeks.
• A timely roll-out of the new stores should double or triple that in 2017. They believe that this group can grow to 16 stores and produce up to 30 million in annualized revenue by the end of 2018.
• The Company is also working on completion of a compounding site in the Southeastern US whose 2016 revenues exceeded 25 million, and a smaller compounder in South Florida that did over $2.5 million in 2016.
• Both sites are profitable and are expected to become the "hubs" in the network, performing a consolidated fill function as well as their role in the compounding products arena.
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